Understanding Canadian Mortgage Interest Rates
Ever wonder how Canadian mortgage interest rates are actually determined? It can feel confusing when you see fixed and variable options moving in different directions. Rates are tied to broader financial systems, not just random choices by banks. First, fixed rates are influenced by the Canadian bond market. Second, variable rates follow the Bank of […]
Saving vs Rising Prices
Many people think waiting another year to save a larger down payment will put them in a better position. The challenge is that property prices often move faster than most people can save. If a home increases in value while you are saving, the extra cash you set aside might only cover the price hike […]